130 Oakland Hill Dr - Warehouse FOR SALE


Etowah, NC 28729
$699,500 USD
864-915-5780
130 Oakland Hill Dr, Etowah, NC for Sale
$699,500 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

130 Oakland Hill Dr
Etowah, NC 28729


HIGHLIGHTS

  • Lots of investment potential.
  • New automated gate system.
  • Combination of self storage, garages, and industrial buildings on site.
  • Self-storage business has a newly redesigned website and streamlined operations.

OVERVIEW

7.86% Cap! Rare, turnkey self-storage and industrial income property now available in the growing Etowah/Flat Rock corridor. 130 Oakland Hill Drive offers an investor or owner-user a stabilized self-storage operation (40 units), two contractor garages, open-air RV/boat/trailer storage, and a main industrial building with immediate vacancy - ready for owner occupancy or lease-up on day one. The current operator runs a car detailing business out of the main building and will vacate upon sale, giving the new owner a clean slate for their own use or the opportunity to capture market-rate lease income on a purpose-built industrial space. Pro forma NOI of $55,000 is well-supported by three years of trailing financials. 2025 reflects one-time capital improvement expenditures that normalize in a stabilized year, with meaningful add-backs available to the underwriting-minded buyer. Full financials attached. There is genuine additional upside for a buyer who leases the main building or pushes rents on the storage inventory. Current ownership has invested meaningfully in the business and physical infrastructure - new automated gate system, redesigned website, and streamlined operations. The asset weathered Helene with no flooding, and is well-positioned for a new owner to step in and operate efficiently from day one. A full unit schedule is attached separately. Etowah sits at the heart of Henderson County's commercial growth corridor, with easy access to Hendersonville, Brevard, and Asheville. Strong demand for self-storage and contractor/outdoor storage is driven by residential growth, the trades, and outdoor recreation culture.

FOR SALE DETAILS

PRICE

$699,500 USD

PRICE/SF

$101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71

LAND SF

30,928

ZONING

R-1

APN/PARCEL ID

9958024

ASK ABOUT THIS PROPERTY

Chris Gragtmans, CCIMKeller Williams ProfessionalsMore Info
864-915-5780

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Chris Gragtmans, CCIMKeller Williams ProfessionalsMore Info
864-915-5780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.